Is digital currency taking over the dollar?


Adam Johnson, Staff Writer

In the modern world more and more people are starting to invest in crypto currency. This form of investing is so much easier than it was in the past. But the question is, will this form of currency take over the dollar. 

The good part of crypto is that it’s decentralized. This means that people cannot hack into your crypto and steal it and that it’s not controlled by the government or valued by gold. Which is the complete opposite of what the dollar represents.

“I like it because it’ll make me rich,”  said sophomore Kyller Calkins 

Due to the fact that many people have made a lot of money for cryptos many people believe that they can too.

“It’s what’s gonna take over the future, and I’m gonna be rich,” said junior Tyler Cole

Cole, a very big supporter of cryptocurrencies, is very enthusiastic about the future of cryptocurrencies and what place it has in the future and what he can accomplish by investing in coins when they are cheap in the future.  

The other upside of digital currency is that you can make yourself a lot of money. Early investors in currencies such as bitcoin are in possession of a lot of money. It’s all about what you’re willing to risk and how early you invest in a certain coin.

But on the other hand there are still a lot of people sceptical about crypto. This is because it’s not backed by the government it’s also not backed by gold like the dollar is 

“I’ve heard it can be risky but pretty profitable depending what way you go at it,” said junior Gracie McCain

Many people like McCain are susceptible to the fact that it’s so risky and you can lose a lot of money.

Other worries of this coin is that there’s a big risk in investing in it. You can lose a lot of money and your plan to invest to make money can turn back on you and you might end up losing a lot of money.

Overall these two types of currencies both have their own pros and cons. Both sides have very compelling arguments to support there side with.